(Update) Google pay working on its smart debit card. the debit card we can use on shopping atm withdraw
ЁЯОБ Google pay update
Google pay working on its smart debit card. the debit card we can use on shopping atm withdraw etc
Note: this feature come soon
Google is working on proprietary physical and virtual debit cards linked to a bank account and connected to an app for fast online purchases, with a phone or card itself, TechCrunch claims after reviewing images obtained from an unidentified source.
The company will seek out partnerships with banks and will brand the cards with the partnersтАЩ names. The only entities revealed so far are CITI and Stanford Federal Credit Union.
the meantime, TechCrunch says it has learned from another source that Google has been working on developing a product that would compete with Apple Card, as it would expand business development and deliver more fintech opportunities. While the company could charge interchange fees, it is more interesting, TechCrunch writes, how the privacy policy will play out as the company could monetize the data collected for ads and targeting.
When contacted by the publication for comment, Google did not deny its debit card plans.
According to the documents obtained by Tech, the chip card is on a Visa network. It lets users transfer money from their bank account and has both PIN and fingerprint recognition for security. The physical card supports contactless payments, but the virtual card on the phone also supports Bluetooth mobile payments. The process is transparent, users have visibility over their transactions, locations where purchases were made and can even lock the card if lost or reset it if hacked. In the privacy controls, users can allegedly choose what data they share with Google.
